Average Rent in Chelsea

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💡 Use this median rent of $4000 to evaluate current listings and spot good deals.

Median Rent

$4000

50% of apartments cost less than this

Affordable Range

$3200 - $3700

20th to 40th percentile

Luxury Range

$6000 - $7400

80th to 90th percentile

Rent Price Distribution by Percentile

10th20th30th40th60th70th80th90th02000400060008000

This chart shows rent prices at different percentiles. The median (50th percentile) represents the mid-point of the market.

Rent Price Distribution Curve

Min10%25%Median75%90%Max0400080001200016000

This curve shows the distribution of rent prices from minimum to maximum, highlighting how prices increase across different segments of the market.

Understanding Average Rent Prices in Chelsea

The median rent for a 1-bedroom apartment in Chelsea is $4000 per month. This means half of the apartments cost less than this amount, and half cost more. Our data comes from verified listings on major rental platforms.

The most affordable 1-bedroom apartments(represented by the 10th-20th percentile) range from $3000 to $3200, while premium apartments (80th-90th percentile) range from $6000 to $7400.

The minimum rent found for 1-bedroom apartments in Chelsea is $2020, while the maximum can reach $15000.

About Chelsea Real Estate Market

Chelsea is a dynamic NYC neighborhood with a diverse rental market spanning from budget-friendly options to luxury apartments. The area offers excellent connectivity to Manhattan, Brooklyn, Queens, and the Bronx via public transportation. For official rent regulation information, consult the NYC Rent Guidelines Board and NYC Housing Preservation and Development.

For neighborhood insights and local guides, explore resources like Time Out New York and Curbed NY.

How to Use This Rent Data

This average rent data helps you understand the Chelsea rental market and make informed decisions when searching for apartments. Use the median rent as a benchmark when evaluating listings - anything significantly below the 25th percentile (affordable range) may indicate great value, while prices above the 75th percentile suggest premium features or locations.

These statistics are based on 601 rent-stabilized 1-bedroom apartment listings in Chelsea. The rent distribution can help you determine if an apartment is fairly priced compared to similar units in the neighborhood.

Compare with Other NYC Neighborhoods

Explore average rent data for other neighborhoods to compare pricing:

Looking for 1-bedroom apartments in Chelsea? Explore our interactive charts to understand the current rental market and make informed decisions. You can also compare with, , , , and in the same neighborhood. To see what's currently available, browse recent listings in Chelsea.